2012-11-12
2012-11-20
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that confidence can build as we reach our solution. >> eliot: for their part republicans boehner and mc mcconnell agreed that that some sort of agreement was possible. >> we should show our seriousness. we've put revenue on the payable.. >> eliot: earlier this week president obama met with labor and business leaderrers to get their insights opposite the fiscal cliff. this afternoon he also met with leaders of civic organizations and other outside groups it on theish. among them my first guest marc morial. welcome. >> thank you eliot. >> it was a great meeting. most of us were very interested in middle income, working income, and poor americans. the president i felt, was in a great mood. he was optimistic that some compromise could be reached some budget deal could be reached, and he was very firm in i think in understanding that the election gives him i think more authority and a very strong hand to do something that is consistent with his principles, but also in the best interest of all americans. for our point for our part we emphasize the need for there to be the continuation of tax cut

refused to consider higher tax rates. timing is also a sticking point here. here is john boehner this weekend. >> 2013 should be the year to begin to solve our debt through tax reform and entitlement reform. together we should avert the fiscal cliff in a manner that ensures 2013 finally is that year. >> no accident, by the way, it was boehner who did the republican response to the president this weekend. the president holds the most leverage in the next two months, directly after the election and before tax rates expire. when the threat of a tax increase on the middle class hangs over the negotiations. republicans would like to try out the negotiations to see the political climate is better for them in the next congress. the big question is how much did the white house learn from the failed debt talk to 2011? will the president bypass leader ship and begin to try to deal directly with the republican senators who have sounded the most open to compromise. >> i think there is a deal. the ying and yang of this is we know there have to be revenues. look, i haven't met a wealthy republ

and political breakthrough? then if president obama and john boehner can rise above and get a deal done for the fiscal cliff, there is a lot of money that could be made in stocks. and why shouldn't top military and business leaders maintain an honorable code of conduct? isn't it better to have a moral center? general david petraeus is a great man. but he made, unfortunately, a great mistake. first up, are we on the verge for american oil revolution? according to the international energy agency, the u.s. will overtake saudi arabia as the world's largest oil producer that before the year 2020. but -- don't get your hopes completely up as the epa could block this fantastic market-driven advance. nobody better to talk about it is john hofmeister. john, it is a pleasure to have you here. now, is it credible, first of all the report, we will overtake the saudis? >> report is credible. the iea is smart, good analysts. we have the reserves, no question we have the reserves. in the ground today. number two, we have the technology to get the reserves out of the ground. and number three, we have t

closing loopholes. that is a reputation of what john boehner suggested in the days since the president has been re-elected. >> that's totally right. a key point, the simpson-bowles tax idea is kind of a magic pony, right. everyone agrees in the ab instruct, we can bring down the rates, close loopholes and deductions and raise revenue. if that's such a wonderful idea how come it's only come up now. how come no one has done it. the reason is because it's really, really hard politically. once you get into the specifics. if you're trying to tie all the revenue to this abstract tax reform idea you're going to get into a position where the revenue is about never going to happen because once you get into reality it doesn't materialize. >> you have to do both, john. you have to do -- you have to raise the the rates and close loopholes to get the amount -- >> just raise the rates. >> you can't raise the rates high enough to produce $1.6 trillion. >> you can get $900 billion from expiring the bush tax cuts. >> and where do you get the other $700 billion from from. >> do a little reform and cut the r

. >> paul: house speaker john boehner extends an olive branch, how much will they give >> the american welcome have spoken and they've reelected president obama and reelected a majority in the house of representatives. a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> that's house speaker john boehner vowing to work with president obama on the challenges facing the nation the first the fiscal cliff, a toxic combination of tax increases and automatic spending cuts especially in defense that could take effect january 1st. so, we pointed out in the last segment, republicans held the house with minimal losses despite a big democratic year. can boehner think, look, got as much mandate as the president? >> i think he should absolutely think that, paul. the president made clear, didn't really run on the second term agenda and didn't talk about it much. i'll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. >> paul: to go off it is the mandate or not to go off. >> i think the stock

. john boehner doesn't have the leverage he used to have. on a conference call he told house republicans they had to avoid the nasty showdowns that mark so much of the last two years. senate republican leader mitch mcconnell was the number one obstructionist in the president's first term. now he tells "the wall street journal" he'll do whatever it takes to get a deal. i'd be willing to pay the ransom if e we thought we were going to get the hostage out. but the hostage is what? entitlement spending. mcconnell's intention, he's willing to agree to a dollar of new taxes for every dollar in cuts. what a difference an election makes. >> i'm going to ask a question on the stage. they seau had a real spending cuts deal, 10 to 1. spending cuts to tax increases. spooker, you're already shaking your head. but who on this stage would walk away from that deal? would you raise your hand about not raising taxes. >> remember in 2011 republicans would not take a 10 to 1 tax cut deal? now today mitch mcconnell is willing to do a 1 to 1 deal. republicans lost all of their leverage in this election. they

. igor, back to more serious stuff we ought to be talking about. so john boehner is saying hey we can have -- we can find some common ground here and republicans are quick to say yeah, let's follow the boehner thing. when you look at what boehner is saying about how to avoid the fiscal cliff he's not saying we're going to agree with president obama on anything yet right? >> not yet. at least publicly, he's just reheating the old romney proposal which is if you close deductions, that's where you get your revenue. not from letting the high end tax cuts expire. the high-end tax cuts expire. what obama had been campaigning on and what voters want overwhelmingly. so you know, the administration has actually been fairly optimistic about where boehner is and negotiating with boehner and negotiating maybe with some of the rank and file who are more likely to come to an agreement. maybe go into the senate. and doing this very publicly. they're meeting with a lot of groups with labor groups, with business groups and they've

%? this is a very clear issue and the first challenge for john boehner. 90% vs. 2%. he is -- they have sided with 2%. can he get them to give 90% of americans a tax break? if not, the republican party is in more trouble. >> ami sheree this order -- editorial saying that the republicans have no foothold in -- and little room to negotiate and the president will drive a bargain. >> it would have to say this. republicans are not dealing from strength. they were in 2010 when they elected 63 tea party freshman and i could block or pass anything they wanted. john boehner was to admit that they do not win and if they do not when you are not dealing with a position of strength. president obama is. >> 1042 to five days until the next presidential election. host: hillary clinton would be the best prepared candidate. one who has lived in the u.s. senate, a woman who knows virtually every head of state in the world and is a strong opinion of the inclusion of -- social inclusion. i come close but will not talk about that until hillary -- people decide what to do. >> what is your decision making process moving fo

to be revenues as well. second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to

they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i

, that $1.6 trillion, is twice the amount of revenue that he and boehner put on the table last summer. it's a clear sign to the left that the president has stopped beginning his negotiations from the middle ground, something democrats have often complained about with this president. afl-cio president said he's confident that the president is not going to fold. >> the president led with that notion of protecting the middle class. are we going to collectively stand up and make sure that workers get a fair shake in all of this? absolutely we are. do we believe that the president is committed to that same thing? absolutely we do. will the president show today he's willing to go over the fiscal cliff if reboundians don't make the deal they are satisfied with. in a new pew poll, 50% will not reach an agreement in time. 53% are assuming republicans will be more to blame if no deal is struck. but yesterday minority leader mitch mcconnell, who met with the three gop freshmen, new senators, will join the repub c republican conference, struck a hard line when it came to tax rates. >> in politics th

boehner, who have already openly said, no increases in tax rates? >> well, you have to splinter off some republicans, in the senate it will be easier because you just have to get to 60. you might pass the december 31st deadline where you have a few more democrats in the senate. but the problem is always going to be the house. i think there may be a bargain in the -- in the side of coming to republicans and saying, here are cuts. but the price of those cuts will be that 2%. republicans will face a very tough choice in just a very short time. are they the ones that are going to be responsible for giving 98% of americans tax hikes? do the republicans want to be known as the party that raised your taxes for everybody but 2%? >> right. and i think, martin -- >> so, the 2% solution may be a noose around the republicans' neck. >> i think the republicans have little leverage. not just for that reason but a couple of other reasons. if you consider the fact that taxes are at 15% of gdp, spending is at 24%, even the paul ryan budget proposes we only reduce spending to 20% of gdp. that means five pe

to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching

the president sat between house speaker john boehner and senate majority leader harry reid calling for cooperation and compromise. >> we've got to make sure that taxes don't go up on middle-class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and independents, people all across the country, share. so, our challenge is to make sure that, you know, we are able to cooperate together, work together. >> joining me now for more, congressional reporter for "the washington post" ed o'keefe and national journal correspondent nancy cook. good morning both of you. last time we saw those three together, sort of a kumbayah moment when you have reid and boehner and mcconnell together. did you get a sense, ed, putting revenue on the table meant republicans were open to tax hikes for those makes $250,000 or more? >> no, they're not. they still say they don't want to see that increase. by talking about revenues the idea is you close loopholes, find a way to perhaps limit deductions and create revenue that way. but you know, b

to raising taxes on the rich? >> there's no question about it. john boehner was sounding, you know, like there might be some way to compromise on that issue. and i love bill crystal, what he had to say about it. who is somewhat of a leader of the more conservative branch of the republican party. so i'm optimistic. but we don't need all the republicans to go along. we need enough rational republicans and then the democrats can provide the rest of of the votes in we get a fair compromise. but anything less than fair that protects the middle class, the president has said he's not going to sign it. >> cynthia, the "new york times" reported on a conference call john boehner the speaker had and it's very interesting what tone he set and a gop senator. let me give you the quote p the quote from the "times" is that their party lost badly, mr. boehner said, they had to avoid the nasty showdowns that marked much of the last two years. members on the call subdued and dark, murmured words of support. that's interesting. and then you had senator bob corker, a key member of the banking committee, went

-free from anywhere. >> caller: why is he talking to speaker boehner. wasn't he tried to get everybody paid off. >> stephanie: from the tobacco companies. >> caller: from the cigarette companies, i mean for years. i've watched politics for years and i mean it was always like a joke two and three years ago always drunk all the time. >> well, yeah. >> caller: you know, a political joke. i've heard people say that. i just want to make a comment. i was watching david schuster the last show, and i can't--i just want to make a comment because i've watched him for years, too. my friend have sisters in college, and i guess he's really popular in dorms. >> stephanie: he's dreamy. >> caller: in dorm rooms. people have pictures of him in their dorm rooms. >> stephanie: really? i can't wait to tease him about that. >> caller: politics, i'm just a housewife, and i hear stories about college but we're not there. >> stephanie: he's like a political geek liker beat. >> like shawn cassidy of the political world. >> caller: they were talking about religion on the last show, and i just wanted to make a comme

leadership, go to senate, deal over there and then come to boehner and box him in with a deal and present to it him. >> he also said that boehner may want that, too. boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today

not be surprised. even though the republican majority is a little smaller. and some of the people that boehner lost are moderates and the type of people that would want to cut deals. there may be people as the freshman move into leadership positions. jim langford is making a bid for the policy committee chairmanship, a springboard for a lot of people there seems to be a general calming down among some of the fire breathing. you know there is the potential for mischief on the floor. some of the news reported that the more conservative members of the republican party contemplated now the threshold for bringing down a bill is even smaller that they might not even vote for rules. that potential for mischief. and the people one term in that have now gone through a disappointing election. they have also seen that there are things that they can get done that perhaps they were not able to do in the middle of the debt crisis, making a negotiation. so the tone in the house, i would not be surprised if it racheted down a tiny bit. people are just with a little bit of experience and a few more gray hairs they

way to do this and a wrong way and speaker boehner was right that you have to have revenue on the table but that does not mean raising taxes. >> clearly we have the ability between now and the end of the year to not go off the cliff but we can't accept an unfair deal that piles all of this on the middle class and tells them they have to support it. >> now, of course there is room for compromise. raising taxes on the wealthy by closing loopholes instead of the tax rates, that maybe would please republicans on the democratic side maybe. they are saying you kind of are redefine wealth altogether so that maybe tack rates for those making half a million or a million dollars a year go up. we'll see how this goes, as you said, congress will be back tomorrow and there will be a big meeting at the white house on friday with the president. >> and what about the gang of eight, the four republicans and four democrats who have decided to get back to the hard negotiating? what can we make of them returning to the effort? >> you know what, they are all trying hard. they are going to have

that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and try to avoid boxing himself in on upcoming negotiation. >> i'm open to come plo mize and new ideas. i have been encouraged for republicans to agree to more revenue as part of the arithmetic if we are serious to reduce deficit. >> the top republican in senate who is a key player in upcoming talks says raising

the general election, john boehner said they would continue to staunchly oppose tax rate increases, but on sunday. bill kristolly to republican house members it's not just them versus the president, it's them versus history. >> i think republicans will have to give in much more than they think. four presidents in the last election vo won 50% of the vote twice. roosevelt, eisenhower, reagan, and obama. republicans in the house will be able to get some concessions, but i think there will be a big budget deal next year, and it will be much moran obama budget deal than paul ryan budget deal. elections have consequences. karen capehart, did you expect anything this big this fast? bill kristol is influential with republicans in washington. i'm stunned with what i'm hearing? >> i almost fell out of my chair when boehner said revenues. the idea of increasing revenues. that's a central argument that we have been having over the last four years, and the very expensive i told you so i guess. if we're going to get to this problem, we have to deal with revenues, we can't just do it all on the s

, the president took a moment to wish house speaker john boehner a happy birthday. he turned 63 tomorrow. the president congratulated boehner and joked that the white house staff didn't get them a cake because they didn't know how many candles they might need. the president gave boehner a bottle of italian wine as a birthday gift. at least they're talking. >> yes. >> for a birthday, you can talk. >> nice sunshine out there today. >> yeah, we needed to see that sunshine. i think we're going to see a similar day tomorrow. if you liked today, you're going to see another one tomorrow. that comes on an all-important weekend. look outside right now. what you're seeing out there is a pretty nice night. yes, it's on the cool side. you'll need the jacket as you step outside, but other than that, not bad at all. you can deal with the chill. it's going to be a nice evening. 47 degrees the current temperature at the airport. winds out of the north about 7 miles per hour. that breeze, we'll call it a breeze instead of a wind, but that breeze will make things feel a little bit cooler. 37 down towards

is there to do? the signals from john boehner, the speaker of the house, are that he's got some more leverage with his republican caucus than he had back in the day, and that there is talk of coming up with more revenue. maybe not calling it a tax increase, not a rate increase, but finding some way to raise some more money. >> right. you know, andrea, i hate to sound an optimistic note when it comes to politics, but i do think the signals coming out of john boehner's sort of world, and out of president obama's statement last week is that there can be some common ground here, that president obama, i think, clearly has some leverage due to what happened in the, in his own race, as well as at the senate level. so i think he has that. and then john boehner, i think a little bit more questionable in how much more leverage he has within his own caucus, but we shall see. if both of them can sort of say, look, let's do this, this is important to the country, let's move on, we can disagree about lots of other things, but we're going to compromise and move forward. whether that compromise is not raisin

point -- that speaker boehner showed yesterday in his remarks. he basically said that the president won the election, and he should lead. he basically, he said that he was open to revenues. which is, which many in his own party disagree with. um, so i thought the tone was the right thing. now, you know, you can't expect the speaker to turn on a dime in 24 hours and embrace everything; higher taxes, higher taxes on the wealthy. but i think that privately he's seen the handwriting on the wall, and it makes me very hopeful that we can do something big in the next month and a half. it's a good first step. um, i would say two things, though, in relation to it. when you unpack the speaker's speech, there is a premise that doesn't quite work, and we're going to have to help him move others in the republican party away from it. it's called -- part of his speech he talked about dynamic scoring. this idea that if you cut taxes, you will increase revenues. well, it's about time we debunked that myth. it's a rumpelstiltskin fairy tale, dynamic scoring. if you may remember, rumpelstiltskin was the f

and that might help things a little bit in terms of the negotiation. i would love to see how the obama-boehner golf game part two might go because boehner now has to make a choice. he has a alaska, and he is kind of a deal maker by natural inclination. he has to figure out what his 230-some-odd members took away from this election. how many of relexingtonned tea party type members feel they were sent to washington because they refused to comexprms how many are available for the new kind of compromise necessary to get a grand bargain. where he lands is the most interesting question to me. >> schieffer: what happens next, david? let's just talk about this. unless they find some compromise here, you're going to see these horrendous across-the-board cuts in defense and social programs. you're also going to see these tax cuts expire, which means everybody gets a tax increase. do you think they can do it before the end of the year? or will they just kick it down the road? >> i think they can find a way to postpone the fiscal cliff for another six months a year. i think that's certainly doable becaus

would be willing to accept and double the amount that speaker boehner had offered the president during their debt negotiations last year. today the president is scheduled to meet with ceos from a dozen companies. there's some of them on your screen. general electric, ford, ibm all playing a part. they'll discuss ways to work together and try to find a balanced approach to reducing the deficit. during a closed-door meeting yesterday with union leaders and liberal supporters, president obama reportedly vowed that he would, quote, not budge when it comes to letting the bush tax cuts expire for the country's highest earners. labor leader and president of the afl-cio, richard trumka, was among those at the white house meeting. he said he and the president are on the same page. >> we're very, very committed to making sure that the middle class and workers don't end up paying the tab for a party that we didn't get to go to. the president led with that notion of protecting the middle class, and now you have republicans that have it in their power, they could sign a bill tomorrow that protects

seem to be moving closer to a key sticking point. >> speaker boehner seemed to suggest that he was open to closing loopholes, to real tax reform. can you get there by just closing loopholes, or will it take more than that? >> well, look, i don't want to prejudge the discussions. i think that the speaker's comments have been encouraging and there is obviously money to be gained by closing some of these, closing some of these loopholes and applying them to deficit reduction. there are a lot of ways to skin this cat. gregg: illinois congressman peter roskam joins us. he is on the house ways and means committee. he joins us from chicago. good to see you. house speaker boehner says he will oppose any increase in tax rates. and the white house said on friday, and i will read this directly, the president will veto any bill that includes an extension of the current tax rates for those earning more than $250,000 a year. so congressman, where is the come promize? >> i think the best predictor of future behavior is past behavior. we've heard this language coming from the white house before. we hea

boehner, basically had a deal in place, it ended up getting blown up at the last minute. i think there is a, perhaps, a new conciliation on both sides. i think they were waiting for the election to get over. i think the attitudes are positive on both sides. and i think they've got the framework for a deal already set up from last year. so i don't think that there are any closer but i also don't think they were that far away last year in 2011. >> do you think that closing the loopholes would be enough for a deficit reduction package? >> it doesn't appear that that's going to raise enough revenue to get to where the democrats want that to be. republicans say they don't want to raise rates. there are some -- there's some budget chicanery that can go on in terms of dealing with one baseline instead of another baseline. that's what it looked like boehner wanted to do last year. there are a lot of different options here. it's interesting, bill kristol from the weekly standard appeared to be talking to grover norquist, the anti-tax activist in those comments that he played earlier, talk

election? >> no, not at all. in fact, after election day the president, speaker boehner, senate ma minority leader mitch mcconnell all talking about the facecle life, what they were going to do, not going to do, what they wanted to negotiate, not negotiate, but on friday, as news exploded out from the cia thanks to our own andrea mitchell that the president accepted the resignation of the cia director, general david petraeus, all of that -- you have to add that plus all the things you talked about, fiscal cliff, to what the president has to deal with. as you said, no honeymoon, indeed. >> and added to what jonathan just said, julian, there are some concerns over this that this is just the tip of the iceberg. i want to play you something senator feinstein said to andrea mitchell this afternoon. >> this thing came so fast and hard. since then it's been like peeling an onion. every day another peel comes off and you see a whole new dimension to this. so my concern has actually escalated over the last few days. >> it's clear she's suggesting this is going well beyond the realm of a personal mat

boehner outlined different positions is there room for a deal. >> i think there may be because john boehner made it clear that while republicans don't want tax rates to rise, they are open to collecting additional revenue. on the other side, president obama reiterated that he wants the wealthiest americans pay more taxes but he did not demand that tax rates rise to collect the money. if we read between the lines it looks like a deal could be cut to limit itemized deductions for the wealthiest americans. that's schedule a and some o of the popular deductions include mortgage interest or charitable contributions, property taxes and state and local taxes, we could see a deal around the itemized deductions. >> i don't want to be the grim reaper, what if they don't get a deal done, we're in trouble. >> 80 to 90% of americans are going to see their taxes increase, maybe by 3500 dollars on average, 2 grand for middle income americans. if you're a low to middle wage earner. here's what you would lose, the valuable earned income tax credit and payroll tax would go up by a couple percent. if

for these negotiations, john boehner's position is he is open to revenue, but not if it includes increasing the top tax rate. he is only doing it through some mystery process of tax reform where you have a large amount of revenue, but still at 35% of the top tax rate or if boehner has his druthers, have a lower tax rate, maybe 28% as in simpson-bowles. the white house doesn't think the math will work out. they believe even when it can, you have to do such radical things like eliminating charitable deduction at the top brackets entirely, it wouldn't be worth doing if you could. their view, it is not a compromise to say in a future tax reform process you're going to get that money, they're not going to sign anything that doesn't include the top tax rate going up at the end of december. >> justin, you were in the room with the president today. can you confirm that quote that the huffington post has, i am not going to budge, i said in 2010 i'm going to do this once and i meant it? >> i actually don't remember if those are his exact words, and also the president asked us to keep the contents of that meeting

of the united states. house speaker john boehner has less support each day for a hard line approach. republican opposition to tax increases is slipping in congress. anti-tax lobbyist grover norquist no longer as a majority of supporters in either chamber. "the hill" says newly elected republicans refuse to sign the anti-tax pledge during the campaigns and another handful of returning republicans have disavowed their alliance to the written commitment. it's about time. at least they paid attention to the election. today bobby jindal scolded the entire party for the approach to the economy. hold it right there. this comment, he sewer sounds like a democrat. we've got to make sure that weren't the party of big business, big banks, big wall street bailouts, big corporate loophole, big anything. we cannot be, we must not be the party that simply protects the rich so they get to keep their toys. bobby, come on over to the good side, dude. you're talking like a conservative democrat. momentum is on the president's side. he just needs to know how motivated his allies are. the hard work didn't end last

speaker john boehner is holding a news conference about the house republican elections. kathy mcmorris rodgers has been elected to be house g.o.p. conference chairman and beat tom price who was endorsed by paul ryan who was the republican vice presidential nominee. and a couple of leadership positions will stay the same, including majority leader eric cantor and house whip kevin mccarthy. we are waiting to hear more about the elections. >> we are waiting to hear what happened from house speaker john boehner. a bit of background, one house republican sought to nominate newt gingrich for house speaker. we will have speaker boehner shortly. nancy pelosi announced that she plans to stay on as the leader of the house democrats and made the announcement at a press briefing and said, quote, i wouldn't think of walking away. we will watch that now while waiting for speaker boehner. >> i think that means most of them are here. good morning. more are coming. more are coming. yesterday, when we gathered here, i began my comments standing here with our new members of congress by saying a picture i

. they weren't fighting for the top jobs. that's going to stay john boehner. they're actually fighting for the number four job in the house. the contest was tom price against one of the precious few republican women in the house, cathy mcmorris rodgers. and there were some interesting politics at work here. miss mcmorris rodgers had the support of speaker john boehner, but tom price had the support of this guy, the republican party's vice presidential nominee, paul ryan. in the end, it was cathy mcmorris rodgers who won. paul ryan's guy lost. and so even as they lose the presidency, thanks to a devastating gender gap in the polls, and at the same time they send even fewer republican women to congress than were there before, republicans did today pick for this small, low-profile national republican number four leadership role an actual woman. and that's the best they've ever done. that's the highest ranking gop woman there has ever been in the house. back over on the senate side, republicans are faced with a dilemma set up for them by john mccain, as i was just discussing with bill burt

boehner has a big task ahead of him. can the house speaker pull the gop together and try to make a deal with the president on the fiscal cliff as jay leno was talking about. should he? should a deal be made? a fair and balanced debate is coming up. lots of talk how the united states will eventually be world's top oil producer. that is what some say. there are questions why it is taking so long. those stories and breaking news all "happening now." jenna: well, it is a little unbelievable, but there is lot of twists and turns in this scandal we've been following so closely surrounding former cia chief and now others. hi, everybody. glad to have you with us. i'm jenna lee. rick: happy tuesday. i'm rick folbaum in for jon. controversy over the timeline of events over the petraeus investigation with members of congress wanting to know why the fbi didn't notify them and the white house until just recently when it began months ago. that investigation far from over. fbi searching the home of petraeus's alleged mistress, paula broadwell. after david petraeus resigned his post as america's top sp

back and forth. you had boehner's position from the -- >> i don't want to anger the viewers, you but i think they're looking at obama's words the same way they look it at the polls with the kind of sense of here's what i want to believe. >> if they lose, do they go along with that and say we will accept that or do they push it over the fiscal cliff. you have people on the right and the left who are saying go over. >> in the press conference yesterday, my read of what obama said was we're raising the rates and we're put a structure for eliminating entitlements. >> correct. but if we're talking about rates, if you were playing joe, you would hear that the argument would be that this will never actually work. republicans won't go loochialon it. so some people were suggesting maybe there is a way to do 35% and get rid of deductions. >> but remember was it geithner on -- today is thursday. so this would have been tuesday. he said people are diluting themselves to think we can get where we need to get with loopholes. and i don't know about the right max, but my understanding is i don't think

boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more americans would be at work. in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >

they will or will not go on this issue. house speaker john boehner says he believes they can reach a deal. >> i don't think anyone, on either side of the aisle under estimates the difficulty that faces us. but i do think the spirit of cooperation that you've seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, i remain optimistic. i was born with a glass half-full. >> what i have told leaders privately as well as publicly, is that we can not afford to extend the bush tax cuts for the wealthy. what we can do is make sure that middle class taxes don't go up. 98% of americans are not going to see their taxes go up. 97% of small businesses are not going to see their taxes go up. if we get that in place, we are actually removing half of the fiscal cliff. martha: doug schoen, former pollster to president bill clinton. monica crowley, radio talk show host. both are fox news contributors and what i'm hearing through both of those quotes we're pretty much where we were the last time that the president and john boehn

in the washington post this morning. a picture of president obama and john boehner. the upbeat tone was a dramatic shift from recent years when the president and a gop fortified by anti-government activists clashed repeatedly over spending and taxes. if he were to go to yesterday's new york times, they have a listening are at least pictures of the key leaders that will be involved in this process. to show you where they stand specifically on some issues, here is the president saying he will reject any bill that extends tax cuts for the wealthy. here is john boehner who has said raising tax rates is unacceptable and a new revenue should be generated by economic growth spurred by a simpler tax code and that closes loopholes and and deductions. there are some other leaders involved in this project. what do you think they will be able to do to keep the fiscal cliff from happening by the end of the year? that meeting taking place at the white house. here is some video from it. if you are looking at that again and you want to wait and on this topic, you can call in. your confidence on congressional lead

tax increases one way or another. bill: do you think that flies in the u.s. house? does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase revenues is by having rising incomes. you don't get that by higher taxes on a weakening economy. bill: the president plans to open the talks using his most recent budget proposal. wasn't that the budget that got zero votes in the senate? >> he's going to exploit it for all it's worth. you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doi

speaker john boehner. senator collins told the newshour today that she's optimistic lawmakers can still strike a deal and stave off the spending cuts. >> so this has to be done carefully. i think the president's right that -- and i've said this for a long time -- that we have to look at both revenues and spending. but there eds to be compromise on both sides. >> woodruff: but mcconnell said the president needs to put a proposal on the table if any agreement is going to pass. >> the time for the president to lead is now. that means offering a concrete plan that takes into account the fact that half the congo poses tax hikes. >> woodruff: on the democratic side house minority leader nancy pelosi rejected calls by some in the party who have argued for letting the country go over the cliff to get a better deal. >> i want you to b disabused any notion that there's any widespread thought that it would be a good as a country for us to go over the cliff. we want an agreement. we want an agreement. >> woodruff: law mangers will have to try to differences on the fiscal cliff and other issues with

of that party up there. >>> next, john boehner was re-elected yesterday for a second term as speaker of the house but georgia congressman louis go mert, a charter member of the birther crowd had a different candidate in mind. who do you think he nominated? newt gingrich for speaker right now. you don't technically actually have to be a house member to be speaker of the house, but it's been the rule historically. by the way, boehner's word to go mert after the word, louie, i love you, too. after the election, we heard certain ceos were threatening to fire employees if president obama wob the election. some are going through with it. bobt murray, ceo of the coal company laid off 156 employees the day after the election. john schneider ceo the papa john's pizza says he will be cutting employee hours to avoid costs associated with obama care. finally, john met, ceo of several denny's franchises says he will add a 5% surcharge to customers' bills to offset the cost of obama care. you don't want to pay extra, he said tip the server less to offset the cost. what a sweetheart. >>> up next, n

not having the same level of influence in terms of those races. before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the dynamic? >> it will be very interesting to see. hopefully we will hear from them exactly what their conversation was with the president. it is unlikely that we're going to see a detailed agreement on specific issues. are we going to hear about tax breaks or how entitlement reform is going to happen in the deal? on not sure. these figures are going to be out there. they're all going to be scrambling to set the tone in the way that they want to set it. of they will have discussions like the democratic leaders also say let these are the areas where we ma

for that and don't want it and, two, can john boehner rally a republicans who doesn't want to raise taxes? to that end it's unbelievable. the election was only 13 days ago. >> i know. >> there's been a lot of piling on mitt romney in those 13 days. i want to play something tea party republican senator had to say. this was at the federalist society about the election. let's play it. >> inevitably there are these mandarins in politics who give the voice don't show any contrast. don't rock the boat. so by the third debate, i'm pretty certain mitt romney actually french kissed barack obama. >> okay, let's put aside that image. >> yes. >> this suggests that, you know, these are the manndarins of politics, don't show any contrast, don't rock the boat,s so you have the ted cruzs of the world coming in and the boehners saying we node to caught deal on this, reform on immigration, talk about gay marriage. we need a reformation within the party. is that what the base of the party wants? and if they don't want that, if ted cruz is the voice for that party, how do you get there? >> well, the base doe

boehner and all the others got re-elected, as well? >> if you still believe in hope and change, it's amazing that the american people elected the same configuration which is basically a check and balance system that is going to make it hard to do anything no matter by what margin obama won. >> jon: how does the yeid cover the next four years? you have obamacare finally being implemented. economy is still in the doldrums. what is going to be the headline? >> i think it will be focused on the intransigence of the house. not moving to meet obama in the middle. >> i totally agree with that. i would also add as of friday, there was a website that was showing major corporations from boeing to bristol-myers and many others beginning to lay off substantial number of workers. will that be bliapd on obamacare? i don't think so. >> another thing looking ahead, sharon waxman from the "new york times" who runs a website. this is hollywood's victory. they won on gay marriage. they won on marijuana, they won on abortion. this is hollywood vision of the country just won a huge victory. >> jon: the

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